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A nice breakout on the AUD/USD after the FOMC, combined with a bearish H&S on the H1 charts point to a large move down.

audusd 220813


Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

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2 replies
  1. Spencer
    Spencer says:

    @ike before trailing the SL to BE, it is our practice to take half profits first. I got stopped out on my BE, and I shorted again later on the pullback.

    Although the price was slightly worse, this is prudent risk management to keep losses small. Sometimes a good trade will run for days, sometimes it comes right back and trigger your SL. They key is always to manage the risk.


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